Best Coinbase Wallet Casino Sites in 2024

Story Behind Coinbase

Coinbase is one of the pioneers of the crypto industry, starting operations in 2012. Back in the day, very few people in the world were aware of the existence of Bitcoin. But Coinbase founders decided it was the perfect time to get a head start.

Today, Coinbase is one of the world's most used, if not the most used, crypto wallets. With over 98 million verified users and over $309bn trading every three months, there’s no room to question the company's credibility.

Currently, Coinbase serves users from over 100 countries and is supported by over 4900 employees worldwide.

The mission statement on the Coinbase website says that "increasing economic freedom in the world" is its primary goal.

Can You Use Coinbase for Gambling?

No. According to the Coinbase wallet terms of service, users are prohibited from sending or receiving payments to or from any gaming platform. This includes online casinos that accept deposits and withdrawals via Coinbase.

Therefore, using Coinbase for such transactions would violate the wallet's terms. To ensure compliance and safety, it's advisable to transfer funds to another wallet before engaging in any crypto transactions related to online gaming.

Getting Started with Coinbase

Using the Coinbase wallet is one of the easiest things you can do to get started. All you have to do is download the app on your phone or computer and sign up. As the whole idea behind the crypto paradigm is to decentralise everything, you don’t have to deal with verifications.

Setting Up an Account on Coinbase

I began by clicking "Get Started" in the top right corner of the page. After registering with Coinbase, I verified my account and headed to my settings. I added my preferred payment method under "Payment Methods." With that sorted, I was all set to dive into Coinbase gambling.

Transfer to a Gambling-Compatible Wallet

To move my funds from Coinbase to a gambling-friendly wallet like Monero, I started by accessing the cashier section of my Coinbase account. Simultaneously, I opened my Monero wallet and located my wallet address.

Next, I had two deposit options:

1. I followed the instructions using the QR code reader in my Coinbase app. I scanned the QR code from my Monero wallet to relay my address.

2. Alternatively, I copied the address and pasted it into the "Send/Receive" section on Coinbase's website.

I successfully transitioned my cryptocurrency from Coinbase to a gambling-compatible wallet using these steps.

Coinbase Deposit Fee

The fee for transactions with the Coinbase wallet is a flat 1%, applied consistently to each transaction. This fee reflects the common occurrence of fees in cryptocurrency transactions, contrasting with the minimal charges associated with fiat currencies. The fee is paid immediately upon transaction for Ethereum Blockchain tokens like DAI, ETH, and USDC.

Coinbase Withdrawal Fee

Similar to bank transfers, withdrawals through the Coinbase wallet incur fees. When you withdraw from the commerce account, you pay the fee for tokens like BTC, LTC, BCH, DOGE, or any other ERC-20 tokens.

Customer Support at Coinbase

To access the "Contact Us" page on the Coinbase website, scroll down to the footer section. You'll find a link to the Coinbase help centre to access the "Support FAQ" section.

Directly below the FAQ section, you'll notice the live chat button. You can instantly connect with a support agent who will assist you with your query by clicking on it. Alternatively, you can reach out to the support team by phone. Coinbase provides four different phone numbers for four regions, all active 24/7.

• USA/International: +1 (888) 908-7930

• UK: +44 808 168 4635

• Ireland: 1800 200 355

• India: 000 8000503236

Lastly, you can email [email protected] to elaborate on any issues you face with the services.

Ensuring Coinbase Wallet Integrity

To ensure safety, Coinbase implements stringent measures. For starters, you can’t use your wallet without verifying it. Then, you can pay for Hardware keys and the Coinbase Vault to increase security layering on your account.

Coinbase also boasts of "never being hacked". All the assets are stored in offline servers and monitored 24/7 for suspicious activities.

Coinbase has always prioritised clear communication and efficient execution, as reflected in its mission statement. Adhering to these principles requires a safe platform, which Coinbase diligently provides.

Licence and Address of Coinbase

In all the 100+ countries the company operates in, the subsequent government regulates it. Also, the "Licences" section on the Legal page of the site shows that Coinbase is licensed across all 50 US states.

The company's headquarters is based in San Francisco.